9:23 AM · 31 October 2019

Breaking news: China doubts long-term trade deal possible with Trump

Bloomberg reports that Chinese officials doubt a long-term trade agreement with Donald Trump is possible. This casts a long shadow even on a short-term trade deal especially after a meeting between the US and China in Chile was cancelled. This report puts downward pressure on US bond yields and sends a warning signal to equity investors too. The USDJPY is dipping following the announcement as well.

The USDJPY is declining on the Bloomberg report. Source: xStation5

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